Econolimerick #2

“High inflation, high spending, or both,
Are the beaux to which many are troth,
But to stop the Great Stall,
For demand overall,
Rates in red are the way to get growth.”

For the economics behind this, see

• Gather ’round, Children, Here’s How to Heal a Wounded Economy

• How and Why to Eliminate the Zero Lower Bound: A Reader’s Guide

• America's Big Monetary Policy Mistake: How Negative Interest Rates Could Have Stopped the Great Recession in Its Tracks

• Why We are Likely to Need Strong Aggregate Demand Stimulus after Tight Social Distancing Restrictions are Over

• The Costs and Benefits of Repealing the Zero Lower Bound...and Then Lowering the Long-Run Inflation Target

• The Costs of Inflation

• Monetary vs. Fiscal Policy: Expansionary Monetary Policy Does Not Raise the Budget Deficit

• Helicopter Drops of Money Are Not the Answer

Also, don’t miss Econolimerick #1.